The Market for Minimally Invasive Medical Devices

The global market for MIS devices and equipment was about $14.5 billion in 2013. This market reached about $15.4 billion in 2014 and is expected to reach $21.5 billion in 2019, registering a compound annual growth rate (CAGR) of 6.8% for the period 2014-2019.

This report provides:

-An overview of the global markets for minimally invasive medical devices and instruments.

-Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.

-Historical and current volume and value data for shipments, specified by end user and geographic markets.

-Evaluation of demographic, economic, and other factors that will drive future demand for minimally invasive devices.

-Details concerning promising new surgical procedures and products still in the development and testing stage, and assessments of the probability that they will be commercialized successfully in the next five years.

-Analysis of the potential market for these developmental procedures and products, taking into account the estimated probability that they will be commercialized.

Minimally invasive surgery is performed without making a major incision or opening, resulting in fewer traumas for the patient and yielding significant cost savings. These are results of shorter hospitalization times and reduced therapy requirements. Other benefits of minimally invasive surgery are less pain, less need for postsurgical pain medication, less scarring and less likelihood of complications related to the incision. Thus, minimally invasive surgery is defined either as based on the operative procedure (e.g., small incisions) or the outcome (reduced surgical complications or costs). However, minimally invasive is not the same as minor surgery. Some “minimally invasive” procedures (e.g., coronary artery bypass surgery) are still major operations requiring a hospital stay.

In minimally invasive surgery, a miniature camera is introduced into the body through a small incision. It transmits images to a video monitor, enabling the physician to diagnose and, if necessary, treat a variety of conditions. To do this, the physician inserts surgical instruments and auxiliary devices, such as irrigation and drainage devices, through one or more small incisions.

Minimally invasive procedures share some important characteristics with minimally invasive surgery but should not be confused with either ambulatory (“walk-in”) or noninvasive surgery.

MINIMALLY INVASIVE SURGERY VERSUS AMBULATORY SURGERY

Some types of minimally invasive surgery can be performed in an ambulatory (nonhospital) setting, but minimally invasive surgery is not necessarily identical with ambulatory surgery. Attempts to delineate minimally invasive surgery from ambulatory surgery, on the basis of incision size or use of an endoscope or other device to look inside the patient’s body, run into too many exceptions to be very useful.

Perhaps the best way to distinguish minimally invasive surgery from other types of ambulatory surgery is to define it as surgery that, if performed using conventional open-incision techniques, requires hospital admission. This definition excludes such minor surgical procedures as vasectomies. These almost never are performed separately in a hospital setting.

MINIMALLY INVASIVE SURGERY VERSUS NONINVASIVE SURGERY

In a sense, the ultimate minimally invasive surgery does not require any incision or physical entry into the patient’s body. Examples include the use of ultrasound to break up gallstones and radiation to shrink or kill tumors. For purposes of this report, only those surgical procedures that involve physical access to the body through an incision or a natural orifice are considered minimally invasive surgery.

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About Bharat Book Bureau

Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry analysis, country reports , business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

In case the reports don't match your requirement then we can do a specialized Custom Research for you. Our multifarious capabilities, cross-sector expertise and detailed knowledge of various markets, put us in a unique position to take up Custom Research demands of yourself.